Financial Dysfunction and Divorce

Carlie Headapohl, CDFA®

February 21, 2019

It would come as no surprise that financial dysfunction in marriages is a common catalyst to why couples divorce. A recent article was published by Robert Ossers of Source Financial Advisors titled Financial Marriage Counseling.

“First and foremost, I see firsthand now that one of the leading factors attributable to the high divorce rate in this country is related to the management of household finances. While here are a ton of articles on how to plan for divorce, things to gather, how to overcome it and how to make certain that it is equitable, what is surprising is there is so much less on the way into a marriage or for long-time married couples or couples, which I will call “financially dysfunctional,” to create a plan and have an open dialogue around the dreaded topic of money.”

Your Money Advocate may be able to help you improve your marital financial challenges before you end up in divorce. If you are going through the divorce process, Your Money Advocate can help you determine common sense financial settlements that will help you keep more of your money in your family.

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Divorce and Public Pensions

Did you know that if you are the non-public employee and you receive a portion of your spouse’s public pension in a divorce, that pension will not reduce your social security benefits?

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